Banking made Awsome for startups
- Easy Banking
- Payout APi
- Bulk Payment
- Caontacts
- Tax Pay
- Intelli Pay
- Vendor Pay
- Fast Settlement
Businesses need to make payouts to their vendors at regular intervals for the goods delivered and services rendered. These payouts are generally recurring in nature and are thus planned payouts. Such use cases can be served by making NEFT and RTGS payouts to vendor contacts.
Use Banking With Ease
You can process:
- Refunds for customers.
- Salary payouts with automated statutory payments such as PF and TDS.
- Vendor payouts with automated TDS payments.
You can make timely payouts on RazorpayX either via our user-friendly Dashboard or developer-friendly APIs in 3 easy steps.
Use Cases
Payouts can be used for any type of business requirement. Few use cases are provided below.
Recurring Vendor Payments
Businesses need to make payouts to their vendors at regular intervals for the goods delivered and services rendered. These payouts are generally recurring in nature and are thus planned payouts. Such use cases can be served by making NEFT and RTGS payouts to vendor contacts.
Customer Refunds and Cashbacks
B2C businesses generally have to deal with customer refunds and cashbacks. These payouts need to be processed immediately. If they are not, it can lead to negative customer experience, loss in reputation and brand value and ultimately reduction in sales. IMPS and UPI based payouts through APIs can help firms automate their refunds and cashback processes and ensure they are instantaneous.
Loan Disbursements by Financial Institutions
Financial Institutions such as NBFCs and Lending Aggregators need to disburse loans to their borrowers as soon as the loan is sanctioned. They cannot afford to lose business due to the non-working hours of banks. IMPS-based payouts help these firms provide instantaneous payouts and thus improve borrower experience.
Add beneficiary
Payout
Intelligent Payouts use Machine Learning to detect beneficiary bank/NPCI downtimes and then queue the payout instead of failing it. We process the queued payouts when the issue that caused the payout to not go through is resolved.
Bulk Payout
The bulk upload feature allows you to create contacts and fund accounts in bulk from the Dashboard. You can also use this feature to add fund account details to an existing contact.
Easy API
Good technical support
Payout link
Payout Links is an easy way to send funds to anyone, especially when you do not have their bank account details. You just need to enter the Contact’s name, contact details and the amount to be paid when creating a Payout Link.
Vendor Payment
Tax payment
Every business has to pay several types of taxes (direct and indirect) to the government every month. The most common tax payments are tax deducted at source (TDS), advance tax, and goods and services tax (GST).
Webhook
Webhooks let you build or set up integrations that subscribe to certain events
API
Payroll Management
Start accepting payments at just
Applicable on all transactions (Platform fees)* *18% GST applicable
